Key Employee Insurance

An insurance purchased by a company or organization on key employees and naming the company as beneficiary. This type of policy is designed to lessen the financial hardship to a company should a key employee die, become permanently disabled or die.

Kidnap and Ransom Insurance

Insurance policies designed to pay ransoms demanded by kidnappers. Typically covers named employees for individual or aggregate amounts. Most policies require the insured to participate in any loss with percentage deductibles.